Source: Council Of Trade Unions (CTU) – Press Release/Statement:
Headline: Company profits rising, wage shares falling
In June, Statistics New Zealand published data from its annual Annual Enterprise Survey (AES) which shows company profits, wages and salaries paid, and many other details of companies in the commercial economy. It shows a falling share of income going to wage and salary earners, along with increasing company profits which are even stronger when capital gains (the revaluation of their assets) is included.
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